GlobeNewswire - News from China

Ebang International Completes Chip Designing for Simultaneous Litecoin and Dogecoin Mining

Thu, 04 Feb 2021 13:30 GMT

HANGZHOU, China, Feb. 04, 2021 (GLOBE NEWSWIRE) -- Ebang International Holdings Inc. (Nasdaq: EBON, the “Company,” “we” or “our”), a blockchain technology company in the global market, today announced that the Company has completed the designing of a chip for simultaneous Litecoin (LTC) and Dogecoin (Doge) mining as an addition to our current portfolio of cryptocurrency mining chip designs. The Company believes the new design will allow the Company to construct high performance cryptocurrency mining machines superior to other mining machines currently on the market.

Ascendancy Management Limited Launches the AMLC Token as part of Efforts to Gain a Strong Foothold in the DeFi Sector

Thu, 04 Feb 2021 12:25 GMT

SHENZHEN, China, Feb. 04, 2021 (GLOBE NEWSWIRE) -- Multinational FinTech firm Ascendancy Management Limited, has announced the launch of its very own token, the AMLC token as part of its plans to strengthen its presence within the realm of decentralized finance (DeFi).

Aurora Mobile Announces 5G Compliance Test Completion for its JG Unification Messages System

Thu, 04 Feb 2021 09:00 GMT

SHENZHEN, China, Feb. 04, 2021 (GLOBE NEWSWIRE) -- Aurora Mobile Limited (NASDAQ: JG) (“Aurora Mobile” or the “Company”), a leading mobile developer service provider in China, today announced that its recently-launched JG Unification Messages System (“JG UMS”) version V1.0 was tested by China Telecommunication Technology Labs (“CTTL”) and found to be compliant with the standards of the 5G Messaging Platform’s Functional Completeness Test Methods V1.0 FG-Z14-006-01. Compliance relates to JG UMS’s system functions, push notification methods and performance, reflecting full compatibility with 5G messaging.

LIZHI INC. Issues Letter to Shareholders

Wed, 03 Feb 2021 12:00 GMT

GUANGZHOU, China, Feb. 03, 2021 (GLOBE NEWSWIRE) -- LIZHI INC. (“LIZHI” or the “Company” or “We”) (NASDAQ: LIZI), a leading online UGC¹ audio community and interactive audio entertainment platform in China, today released a letter to shareholders from the Company’s Founder and Chief Executive Officer, Mr. Jinnan (Marco) Lai.

Baozun Announces Acquisition of Full Jet Limited to Accelerate Expansion of Luxury and Premium Brand Footprint

Wed, 03 Feb 2021 11:00 GMT

BEIJING, Feb. 03, 2021 (GLOBE NEWSWIRE) -- Baozun Inc. (NASDAQ: BZUN and HKEX: 9991) (“Baozun” or the “Company”), the leading brand e-commerce service partner that helps brands execute their e-commerce strategies in China, today announced that it has entered into a share purchase agreement with all the shareholders of Full Jet Limited (“Full Jet”), to acquire a 100% equity interest in Full Jet. The acquisition is subject to customary closing conditions and is expected to be completed on or around February 10, 2021.

ZW Data Action Technologies Initiates Supply Chain Finance with Digital Asset and Crypto Payment

Tue, 02 Feb 2021 13:30 GMT

BEIJING, Feb. 02, 2021 (GLOBE NEWSWIRE) -- ZW Data Action Technologies, Inc. (Nasdaq: CNET) ("ZW Data" or the "Company"), an integrated online advertising, precision marketing, data analytics, and other value-added services company, today announced the official initiation of “The Finance”, its supply chain finance solution that targets the growing key opinion leaders (KOLs) and online-to-offline (O2O) e-commerce industry with options of digital asset and crypto payment.

9f Inc. Rebrands Online Stock Brokerage Business to Fuyuan Securities

Tue, 02 Feb 2021 11:00 GMT

BEIJING, Feb. 02, 2021 (GLOBE NEWSWIRE) -- 9F Inc. (“9F” or “the Company”) (NASDAQ: JFU), an internet technology company that focuses on providing technology services to financing and consumption industries in China and overseas, today announced that it has upgraded and rebranded its online stock brokerage business to Fuyuan Securities.

LexinFintech Holdings Ltd. Appoints Chief Technology Officer

Tue, 02 Feb 2021 09:00 GMT

SHENZHEN, China, Feb. 02, 2021 (GLOBE NEWSWIRE) -- LexinFintech Holdings Ltd. ("Lexin" or the "Company") (NASDAQ: LX), a leading online consumption and consumer finance platform for new generation consumers in China, today announced that it has appointed Mr. Erwin Yong Lu as the Company's chief technology officer, effective February 1, 2021.

Aurora Mobile Partners with Xingsheng Youxuan, a Leading Domestic Community Group Buying e-Commerce Platform, to Enhance Smart Services

Tue, 02 Feb 2021 09:00 GMT

SHENZHEN, China, Feb. 02, 2021 (GLOBE NEWSWIRE) -- Aurora Mobile Limited (NASDAQ: JG) (“Aurora Mobile” or the “Company”), a leading mobile developer service provider in China, today announced that it has entered into a partnership agreement with Xingsheng Youxuan, a leading domestic community group buying e-commerce platform, to provide diversified services within the Xingsheng Youxuan APP to improve user experience, increase user conversion rate, and unlock additional APP traffic value. The collaboration will allow both companies to fully leverage their respective technical capabilities and expertise to enhance delivery of smart services for community group buying e-commerce.

Li Auto Inc. Announces January 2021 Delivery Update and New Research and Development Center

Tue, 02 Feb 2021 03:30 GMT

BEIJING, China, Feb. 01, 2021 (GLOBE NEWSWIRE) -- Li Auto Inc. (“Li Auto” or the “Company”) (Nasdaq: LI), an innovator in China’s new energy vehicle market, today announced that the Company delivered 5,379 Li ONEs in January 2021, representing a 355.8% year-over-year increase and resulting in cumulative deliveries of 38,976 vehicles.

Wanda Sports Group Announces Completion of Initial Tender Offer and Subsequent Offering Period, and Resignation of its Chief Financial Officer and its Independent Directors

Mon, 01 Feb 2021 14:00 GMT

BEIJING, Feb. 01, 2021 (GLOBE NEWSWIRE) -- Wanda Sports Group Company Limited (the “Company” or “Wanda Sports Group”) today announced the completion of the initial tender offer (the “Offer”), launched by Wanda Sports & Media?(Hong Kong)?Holding Co. Limited?on December 23, 2020, to acquire all of the issued and outstanding class A ordinary shares of the Company, with no par value (the “Class A Ordinary Shares”), including all Class A Ordinary Shares represented by American depositary shares of the Company (“ADSs”). It also announced a Subsequent Offering Period (as defined below) related to the Offer and changes in its senior management and board of directors (the “Board”).

Wanda Sports & Media (Hong Kong) Holding Co. Limited Completes Initial Tender Offer to Acquire Class A Ordinary Shares and ADSs of Wanda Sports Group and Announces Commencement of Subsequent Offering Period

Mon, 01 Feb 2021 14:00 GMT

HONG KONG, Feb. 01, 2021 (GLOBE NEWSWIRE) -- Wanda Sports & Media (Hong Kong) Holding Co. Limited (the "Purchaser") today announced the successful completion of the initial tender offer (the “Offer”) launched on December 23, 2020, to acquire all of the issued and outstanding class A ordinary shares of Wanda Sports Group Company Limited (the "Company" or "Wanda Sports Group"), no par value (the "Class A Ordinary Shares"), including all Class A Ordinary Shares represented by American depositary shares of the Company ("ADSs," with every two ADSs representing three Class A Ordinary Shares).

Junshi Biosciences and Coherus BioSciences Announce Collaboration to Co-Develop Anti-PD-1 Antibody, Toripalimab, in U.S. and Canada

Mon, 01 Feb 2021 12:53 GMT

SHANGHAI, China, Feb. 01, 2021 (GLOBE NEWSWIRE) -- Junshi Biosciences (HKEX: 1877; SSE: 688180), an innovation-driven biopharmaceutical company dedicated to the discovery, development and commercialization of novel therapies, today announced a collaboration with Coherus BioSciences, Inc. (“Coherus”, Nasdaq: CHRS) for the development and commercialization of toripalimab, Junshi Biosciences’ anti-PD-1 antibody, in the United States and Canada.

Aurora Mobile Receives Letter of Appreciation from China’s Ministry of Industry and Information Technology

Mon, 01 Feb 2021 11:47 GMT

SHENZHEN, China, Feb. 01, 2021 (GLOBE NEWSWIRE) -- Aurora Mobile Limited (NASDAQ: JG) (“Aurora Mobile” or the “Company”), a leading mobile developer service provider in China, today announced that it received a letter of appreciation (the “Letter”) from the Information and Communications Administration under China’s Ministry of Industry and Information Technology (MIIT), in recognition of the Company’s significant support of the privacy protection campaign which was launched in July 2020 to crack down on malicious APPs. The Letter also recognizes Aurora Mobile’s outstanding contribution to the ongoing efforts to protect personal data for mobile APP users in China.

NIO Inc. Provides January 2021 Delivery Update

Mon, 01 Feb 2021 08:00 GMT

Company Opened the New Year with Another Record-High Monthly Deliveries

Company Opened the New Year with Another Record-High Monthly Deliveries

Agora Announces Private Placement Financing of US$250 Million

Mon, 01 Feb 2021 08:00 GMT

SANTA CLARA, Calif., Feb. 01, 2021 (GLOBE NEWSWIRE) -- Agora, Inc. (NASDAQ: API) (“Agora” or the “Company”), a pioneer and leading platform for real-time engagement APIs, today announced that an accredited investor had agreed to purchase through a private placement a total of US$250 million of newly issued Class?A ordinary shares of the Company, representing approximately 4.5% of the Company’s total outstanding shares. The private placement is expected to be closed in February 2021, subject to the satisfaction or waiver of customary closing conditions.

EHang announces US$40 million Investment from Carmignac

Fri, 29 Jan 2021 21:00 GMT

GUANGZHOU, China, Jan. 30, 2021 (GLOBE NEWSWIRE) -- EHang Holdings Limited (Nasdaq: EH) (“EHang” or the “Company”), the world's leading autonomous aerial vehicle (AAV) technology platform company, today announced that Carmignac, a leading European asset management firm, invested US$40 million on behalf of its funds in the Company through a private placement of newly issued Class A ordinary shares of the Company. The transaction was closed on January 29, 2021.

Dada Announces Change to Board Composition

Fri, 29 Jan 2021 12:15 GMT

SHANGHAI, China, Jan. 29, 2021 (GLOBE NEWSWIRE) -- Dada Nexus Limited (“Dada” or the “Company”) (NASDAQ: DADA), China’s leading local on-demand delivery and retail platform, today announced the appointment of a new director to its board of directors (the “Board”): Mr. Rui Yu, effective January 27, 2021. Mr. Zhenhui Wang has concurrently resigned from his position as a director of the Board.?After the change, the Board will continue to consist of nine members, two of whom are independent directors.

Yunji to Launch First-Ever Private Label Food Brand Li Ba Tian

Fri, 29 Jan 2021 11:00 GMT

in Response to Rising User Demand for High-Quality Food Products

in Response to Rising User Demand for High-Quality Food Products

Meten EdtechX Introduces Dual-teacher Classroom Learning to Enhance ABC Junior ELT Business’ Long-term Competitive Advantage

Thu, 28 Jan 2021 13:30 GMT

SHENZHEN, China, Jan. 28, 2021 (GLOBE NEWSWIRE) -- Meten EdtechX Education Group Ltd. (Nasdaq: METX) (“Meten?EdtechX” or the “Company”), a leading omnichannel English language training (“ELT”) service provider in China, today announced that the Company has introduced dual-teacher classroom learning for ABC junior ELT business to enhance its competitive advantage.The dual-teacher classroom learning integrates the online and offline business, greatly improving the teaching quality of the foreign teachers and enhancing the learning experience of the students.